| | | AMD second-quarter revenue, profit boosted by EPYC, Ryzen sales
Wednesday, July 25, 2018 3:58 p.m. CDT
By Arjun Panchadar
(Reuters) - Advanced Micro Devices Inc beat estimates for quarterly profit and revenue on Wednesday, as a rare surge in demand for personal computers boosted sales of its processors, graphic chips, sending its shares up 5 percent in extended trading.
The company's shares have more than doubled in the past two years on continued demand for graphic chips used in computers, videogame consoles and a variety of other applications.
AMD said sales in its graphics and computing business, which makes processors for servers and gaming consoles, rose 64 percent to $1.09 billion, primarily driven by its Ryzen desktop processors and Radeon graphic cards.
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